h-1b visa

ETMarkets Smart Talk| H-1B visa concerns sentimentally negative, but no need to panic: Axis Securities’ Neeraj Chadawar

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ETMarkets Smart Talk| H-1B visa concerns sentimentally negative, but no need to panic: Axis Securities’ Neeraj Chadawar

In this edition of ETMarkets Smart Talk, Neeraj Chadawar, Head – Fundamental and Quantitative Research at Axis Securities, shares his insights on the recent H-1B visa developments and their implications for Indian IT companies. While the news has triggered short-term jitters, Chadawar believes the impact is more sentimental than structural. He explains why investors need … Read more

TCS or Infosys? Which IT company has the highest share of H-1B visa employees

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TCS or Infosys? Which IT company has the highest share of H-1B visa employees

US President Donald Trump‘s move to introduce a $100,000 fee for new H-1B visa applications is large enough to make sending Indian software engineers to the US economically unviable for Indian tech companies. While the top five Indian IT firms derive roughly 55% of their revenue from the US, Infosys is estimated to have the … Read more

Elon Musk vows to ‘go to war’ to defend H-1B visa programme; Trump sides with him

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Elon Musk vows to ‘go to war’ to defend H-1B visa programme; Trump sides with him

Elon Musk has received support from President-elect Donald Trump on his stance on H-1B visas, a day after the tech billionaire vowed to “go to war” to defend the programme used to bring skilled foreign workers to the US. Mr. Musk, who along with Indian-American tech entrepreneur Vivek Ramaswamy has been tapped by Mr. Trump to … Read more

U.S. kick-starts five-week H-1B visas renewal drive, to accept 20,000 applications

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U.S. kick-starts five-week H-1B visas renewal drive, to accept 20,000 applications

Image for representation purpose only. H-1B workers, including Indian nationals, can begin applying to renew their visas without leaving the U.S., marking a significant change after nearly two decades. Up to 20,000 qualified nonimmigrant workers can renew their H-1B visas domestically. The announcement by the U.S. Department of State on the pilot programme for in-country … Read more

H-1B visa lottery system has resulted in abuse, fraud: USCIS

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H-1B visa lottery system has resulted in abuse, fraud: USCIS

The U.S. Citizenship and Immigration Services Miami Field Office in Miami. File | Photo Credit: AP The computerised drawing of lots devised to select successful H-1B applicants every year has resulted in abuse of the system and a sharp increase in fraudulent efforts, a federal agency said on Friday. In an unusual statement, U.S. Citizenship … Read more

Judge rules in favour of Oracle in Labor Department’s $400 million pay bias lawsuit

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Judge rules in favour of Oracle in Labor Department’s 0 million pay bias lawsuit

A labour department judge in the United States has ruled in favour of Oracle, saying technology giant had not discriminated against women and minorities, including Indians and African Americans, in its pay structure. The matter dates back to 2014, when the US Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) audited the California-based … Read more

USCIS took steps to prevent abuse, fraud in employment-based visa programs: US officials

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USCIS took steps to prevent abuse, fraud in employment-based visa programs: US officials

WASHINGTON: The Trump administration has taken a series of steps to prevent abuse and fraud in the employment-based visa programs, including H-1B, a top official from the US Citizenship and Immigration Services (USCIS) told lawmakers on Thursday. H-1B is the most coveted foreign work visa for technology professionals from India. The USCIS has implemented rules, … Read more